AI Transparency Report
Maine Media College demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue has fluctuated, it has largely kept pace with or exceeded expenses in most years, indicating responsible financial management. For instance, in 2021, revenue of $3,148,520 surpassed expenses of $2,907,306. However, the most recent filing (2023) shows expenses ($3,960,694) exceeding revenue ($3,384,658), leading to a deficit. The organization's consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing resources towards its mission rather than executive salaries, which is a positive indicator of financial transparency and efficiency. The growth in assets from $2,937,152 in 2014 to $6,791,001 in 2023 also points to long-term financial health and capacity building.